This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Industrial And Commercial Bank Of China's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $6.364. Industrial And Commercial Bank Of China's 10-Year median PS Ratio is 1.4991. Therefore, the Median PS Value for today is $9.54.
As of today (2024-04-24), Industrial And Commercial Bank Of China's share price is $10.47. Industrial And Commercial Bank Of China's Median PS Value is $9.54. Therefore, Industrial And Commercial Bank Of China's Price to Median PS Value for today is 1.10.
The historical rank and industry rank for Industrial And Commercial Bank Of China's Median PS Value or its related term are showing as below:
IDCBY'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.73 Med: 0.86 Max: 1.11
Current: 1.1
During the past 13 years, the highest Price to Median PS Value of Industrial And Commercial Bank Of China was 1.11. The lowest was 0.73. And the median was 0.86.
IDCBY's Price-to-Median-PS-Value is ranked worse than 75.42% of 952
companies
in the Banks industry
Industry Median: 0.855
vs IDCBY: 1.10
Industrial And Commercial Bank Of China Median PS Value Historical Data
The historical data trend for Industrial And Commercial Bank Of China's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Industrial And Commercial Bank Of China Annual Data
For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Industrial And Commercial Bank Of China Price-to-Median-PS-Value Distribution
For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Industrial And Commercial Bank Of China's Price-to-Median-PS-Value falls into.
Industrial And Commercial Bank Of China Median PS Value Calculation
Industrial And Commercial Bank Of China's Median PS Value for today is calculated as
10-Year Median PS Ratio is 1.4991.
Industrial And Commercial Bank Of China's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.364.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Industrial And Commercial Bank Of China (OTCPK:IDCBY) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Industrial And Commercial Bank Of China's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
10.47
/
9.54
=
1.10
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Industrial And Commercial Bank Of China Median PS Value Related Terms
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Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Business Description
ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.
Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Headlines
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